Iran Widens Shipping War, Oil Prices Rise, Markets React to Gulf TensionsMarket Impact and Global ReactionsA look at the day ahead in European and global markets from Stella QiuEscalation in the Gulf and Oil Market ResponseIt takes one to start a war, but two to make peace. President Donald Trump may be talking about a war already won, but someone forgot to send Iran the memo as Tehran steps up attacks on ships in the Gulf waters, warning the world of oil prices at $200 a barrel. International Energy Agency's Release and Investor SentimentOil's reaction to a record release plan from the International Energy Agency is telling. Oman has reportedly cleared all vessels out of its main oil export terminal, taking no chances. Political ReactionsWhen asked about the war, Trump said the U.S. was "going to look very strongly at the straits."

Source: Mint March 12, 2026 05:40 UTC